The market graphs today show a mixed picture. As shown on coinmarketcap, the market shows a combination of Red & green throughout the Top 100 Cryptocurrencies.
Bitcoin (BTC) shows a decline of 0.45% and is trading at $9077.41. Despite the decline, BTC remains strong and is expected to bounce back in the coming week.
Ethereum (ETH) is also seeing Red and trading at $225.94. USDT or Tether is another Top Coin that is witnessing a decline of 0.30% and is valued at $0.998 currently.
Apart from the Top 3 Coins in the market (as per market share) and Binance Coin (BNC), most cryptos in the Top 10 have seen a hike in their price. Let’s look at their price:
- Ripple (XRP) is up by 0.74% with a value of $0.177
- Bitcoin Cash (BCH) is up by 0.75% and has a value of $222.83
- Bitcoin SV (BSV) is up by 0.35% and is trading at a price of $155.18
- Litecoin (LTC) has increased its value by 0.60% at $41.54
- Cardano (ADA) is up by a whopping 5.52% & trading at $0.098
BTC may have tumbled down a little with other altcoins following suit but the market is still on the right track to grow. Interest in Bitcoin and other Altcoins has multiplied by many folds over the past few months. Irrespective of the sudden downfall, the market is expected to pick up pace in the coming week.
COVID-19 has impacted the world economies and has resulted in crashed stock markets. But despite the negative impact on the market and INR value, Crypto Market has proved resilient. It will be interesting to see how the crypto market picks up again in the near future. Investors and Traders alike are taking advantage of this decline to Buy more coins to cash in the future.